Payments & Settlements

Australia Tables Bill to Regulate Wholesale Cash Distribution

07/07/2026

The government has introduced new legislation to regulate the country's wholesale cash system, granting significant oversight and crisis management powers to financial regulators.

Structural Regulation

HKEX Publishes New Info Paper on ID Regime for Derivatives

07/07/2026

The paper contains technical and operational guidance for market participants preparing to implement the investor identification regime for the derivatives market.

Structural Regulation

Korea to Tighten Oversight of Single-Stock Leveraged ETFs

07/07/2026

Regulators are strengthening liquidity provider obligations and considering penalties for asset managers following significant price distortions and political backlash.

AI Risk & Governance

Thailand to Finalise AI Act This Year, Pilots Bank 'Red Teaming'

07/07/2026

New legislation will address copyright and high-risk applications, as regulators launch a practical playbook and test AI safety in the banking sector.

Fraud, Scams & Cybercrime

Taiwan Launches Cross-Sector Platform to Combat Financial Fraud

07/07/2026

Major banks and telecoms have launched a new platform using GSMA Open Gateway APIs to enhance identity verification and prevent fraud, with regulatory oversight.

Cybersecurity

HKMA Urges Banks to Urgently Prepare for Quantum Threat

07/07/2026

The regulator has warned that current encryption could be broken within years and will begin monitoring banks' preparedness for the quantum era.

Structural Regulation

Australia Rejects Major Reforms to Address Regional Bank Closures

07/07/2026

The Australian government has opted for market-based solutions and existing industry commitments over major structural reforms in its response to a Senate report on regional bank closures.

Fraud, Scams & Cybercrime

Hong Kong Investor Sues JPEX-Linked Figures as Criminal Probe Widens

07/07/2026

A fresh civil claim has been filed over the JPEX scandal, as Hong Kong prosecutors pursue fraud and money laundering charges against numerous individuals.

Fraud, Scams & Cybercrime

AFCA Rules Bendigo Bank Liable for Scam Loss Despite Customer Action

07/07/2026

A ruling by the AFCA highlights bank liability under the ePayments Code, even where a customer has granted scammers remote system access.